§ 29-1-9-3 — Notice; order approving agreement

Indiana § 29-1-9-3

• Jurisdiction: Indiana
• Art. 1: PROBATE CODE
• Ch. 9: Adjudicated Compromise of Controversies

Text

Upon due notice, in the manner directed by the
court, to all interested persons in being, or to their guardians, and to the
guardians of all unborn persons who may take contingent interests by
the compromise, and to the personal representative of the estate and to
all trustees of testamentary trusts which would be affected by the
compromise, the court shall, if it finds that the contest or controversy
is in good faith and that the effect of the agreement upon the interests
of persons represented by fiduciaries is just and reasonable, make an
order approving the agreement and directing the fiduciaries and
guardians ad litem to execute such agreement. Upon the making of
such order and the execution of the agreement, all further disposition
of the estate shall be in accordance with the terms of the agreement.
Formerly: Acts 1953, c.112, s.903.